Keke Napep(Tricycle) business may be a very lucrative transportation business in Nigeria to venture into rather than sitting reception doing nothing, one can easily enter the business and become a millionaire within a touch space of your time.
In this article, I’ll be showing you an entire guide the way to start a keke napep business in Nigeria and become a millionaire.
Another thing to notice is that, there are still some interior parts of the country those commercial buses cannot enter. Residences of such places are left to trek a really long distance before they will get a bus to their business places. It then becomes apparent that anyone that ventures into Keke Napep business will make it.
All it takes is for the person to urge the required knowledge about the business and begin making his profit.
If you get the keke napep running in a neighborhood that’s densely populated and have numerous businesses like Lagos or Abuja metropolis, then you’re sure of creating 5000 naira daily,this means, you’ll be making about N150,000 monthly after expenses. during a year you’re talking about N1.5 million(minimum earning).
Just like every other business, you would like to possess good knowledge of Keke Napep business before you venture into it, else, you won’t get the simplest of that business.
I am getting to walk you thru some steps you would like to undertake so as to start out a Keke business here in Nigeria .
1. search for a cash road:
If you notice i exploit the phrase ‘cash road’ ,this means those access roads that you simply know are very profitable and you recognize the type of individuals that resides in those areas. this is often the best secret within the keke napep business. it’s impossible to form enough money if your keke plies through routes that fewer passengers take or villages where there’s not enough money.
2. Buy Your Keke
How do I buy these tricycles?
The first step is to shop for the Keke Napep which you’ll be using for the transportation business. It costs about N400,000 only.
3. you’ll choose Second-hand Keke Napep
It is generally advisable to travel for second user Keke Napep sometime, but considering the cash involved – probably you don’t have enough cash to get a replacement one, you’ll plan to choose fairly used which costs around N180,000 to N240,000. The new one is extremely good but note that you simply can choose fairly used rather than fresh Keke.
4. Purchase for hire
This is once you buy the keke and provides it bent a driver and reaching an agreement for him to pay at installments for the keke napep. Once he completes the payment, the keke becomes his.
This way, you’ll earn so fast because the driver would really like to satisfy with the deadline. You earn tons with this and therefore the driver will take excellent care of the keke because it might at some point be his own.
It is not everyone which will afford to shop for a Keke, so if you don’t have such amount, you’ll choose hire purchase. Leasing cost about N650,000 which you’ll be making a weekly payment of N15,000 for 10 months.
You can also run a keke rental service during which people rent your keke on a day to day , work with it and pay a hard and fast amount at the top of each day.
It is not really pinned at that price, you’ll still meet your hire purchaser and deliberate on the mode of payment.
5. Register your keke napep business
In Nigeria,every business has its association and therefore the Keke Napep riders even have their own association, so once you get your Keke, register with them as soon as possible. This ensures you’ve got some measures of security and it costs N5,000 to register.
Apart from the registration fee, you’re expected to pay the association a particular amount of cash on a day to day , you would like to form provision for this too.
6. Run it Yourself
When you run the Keke Napep business by yourself, you’ll be encouraged by the profit you get on daily activities. Giving it to someone to run the business won’t really yield much profit like once you do it yourself. this is often because some aren’t trustworthy and might want to divert a number of the profits realized.
7. Make Plans For More Keke
This is very key,if you’ve started succeding from your businesss,you can plan to choose more Keke Napep. during this case, you’ll got to hire someone which will take part doing the business with you because you can’t be driving two at an equivalent time. Since you’re in business, it’ll be easy to watch the opposite person.
8. Ensure Effective Maintainance
One thing that runs Keke Napep business down is lack of maintenance. Some would drive it for an extended time without caring to ask the Keke mechanic to see it for them.
When a daily check is administered on the machine, it extends its lifespan and consumes less fuel. the upkeep is reasonable and therefore the parts are easily found, so don’t neglect it to avoid spending more on repairs.
Prices of KEKE NAPEP in Nigeria
The prices of keke napep varies from different price range counting on your location. But below are some few list of Keke napep:
●Bajaj Tricycle: N600, 000 – N850, 000
●Piaggio Tricycle (Diesel Engine): N550, 000 – N700, 000
●Daylong Tricycle: N500, 000 – N600, 000
●TVS Tricycle: N580, 000 – N650, 000
What do i want to understand about keke napep business?
The Keke napep is indeed a really profitable business,if you recognize the way to manage and use funds efficiently this could be no problem to you,but you’ll struggle if you waste funds anyhow.
Every trade has its own secrets and anyone that doesn’t know these secrets cannot flourish in it.
Note: With the above revealed key steps,if you set each of them to figure ,i assure you,you will thrive in your keke napep business.